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Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the ...
BAE Systems has expanded its modeling and simulation solutions business with the addition of Topaz Intelligence, a custom intelligence services provider acquired through its Ball Aerospace acquisition in February. Under the integration, BAE Systems said Thursday it will work with Topaz Intelligence to market intelligence-as-a-service ...
A BAE Systems business arm has secured a $459.8 million contract from the U.S. Army to provide hardware components for a multi-mode radio designed to provide line-of-sight and beyond-line-of-sight communications on aviation platforms. BAE Systems Information and Electronic Systems Integration will also perform repair services and technical, engineer...
BAE Systems has secured a pair of contract modifications worth $104 million combined to build additional amphibious combat vehicles for the U.S. Marine Corps. The company said Monday it will produce and deliver production representative test vehicles to support government testing of the ACV’s recovery variant in 2025 under a $79 million contra...
Tom Terjesen, an information technology industry leader, has returned to Peraton as senior vice president and chief information officer. In this capacity, he will oversee the implementation of Peraton’s IT strategy to drive growth initiatives and meet operational, employee experience and financial objectives and serve as a senior IT adviser to the...
BAE Systems has secured a five-year, $318 million contract to help the U.S. Army sustain its fleet of self-propelled howitzers and carrier, ammunition, tracked vehicles. The company said Wednesday it will provide engineering and logistics services to deliver new capabilities, maintenance and testing for the Army’s M109A6 and A7 howitzers and t...
While artificial intelligence is still a growing technology and comes with its share of risks and unknowns, some experts feel that the U.S. government is being too conservative about releasing information to the public regarding AI. “I think we all recognize we do not want to put out and jeopardize information that’s important to the...
The State Department has approved the government of Bahrain’s request to procure M1A2 Abrams main battle tanks and related equipment from the U.S. government under a potential $2.2 billion foreign military sales agreement. Bahrain has asked to procure 50 M1A2 System Enhancement Program version 3 vehicles, four M88A2 Hercules combat recovery ve...
The U.S. Army made a $754 million contract modification to purchase armored multipurpose vehicles from BAE Systems’ land and armaments subsidiary. The Department of Defense said Wednesday the branch extended the project’s completion date until February 2027 and obligated the full contract modification amount from the Army’s fiscal ...
Andrew DelFavero, formerly senior director of business development at Peraton, has joined QinetiQ Group’s U.S. subsidiary as vice president of capture management, according to his LinkedIn post. He brings to the role more than two decades of industry experience in business development, capture strategy and program and project management. DelFavero...
